Senate extends tax benefits for hydrogen industry until 2027, positive news for Plug Power.

From Yahoo Finance: 2025-06-30 16:19:00

Investors flock to Plug Power stock as the U.S. Senate extends tax benefits for hydrogen industry until 2027. The clean energy firm with three U.S. hydrogen factories stands to benefit from federal incentives. Despite positive sentiments, caution is advised due to financial concerns like negative margins and high cash burn.

Wall Street sees long-term potential in PLUG stock despite financial challenges. An 11% revenue increase in Q1 is overshadowed by high growth demands and capital-intensive nature. Analysts maintain a “Hold” rating but project a 13% upside potential with a mean target of $1.96. Investors are urged to stay informed and exercise caution.

Read more: Plug Power May Be Getting a Senate Lifeline. How Should You Play PLUG Stock Here?